Wednesday, January 28, 2009

Inauguration January 20th 2009



January 20th, 2009 Inauguration, Washington, DC

It was a day of great contrasts. Winter in Washington can be bitter and raw. This was one of those days. Yet there was warmth of heart that ignored freezing toes, noses, ears and fingers. The number of people in attendance was amazing. Yet each of us was an individual witness. It was historic yet in noteworthy way it was an ordinary day; extra-ordinary and ordinary in the same moment.

The day before, my Susan, our daughter Caite and I were at the recently reopened Museum of American History. We were there to see the Ft Henry Flag and the Ipswich House. Those were both interesting. Do know which states were the 14 and 15th States admitted into the Union. The flag had 15 Stars during the War of 1812. (Ok I knew Vermont was one of them, but I guessed several others before finally coming up with Kentucky).

We spend a significant amount of time in the Lincoln exhibit. It was striking how human he was. We saw the hat he wore when he was killed. Our 16th President was amazing. He was tortured by the effort to keep the union together. The emancipation proclamation might not have ever been issued. He needed a victory in the War. Thank God that Antietam gave him the divine sign he sought. It was powerful to watch the people studying the exhibit and the document.

Before we left we stopped at a strange exhibit. It was a Woolworth’s coffee counter.. The same kind that we remember at Newport Creamery. Four swivel seats. They looked ordinary, unremarkable. But these were ‘white’s only’ seats. Four young Africa Americans sat in these seats waiting to be served as a protest. They held vigil, (less than fifty years ago), for 6 months before they were finally served. It is embarrassing that this was our country such a short time ago.

These two exhibits were the perfect preface to the inauguration of the first African America President: Barack Obama. We arrived at the security lines on Tuesday at 8:30 and waited in lines until about 10:30 to take our seats. Security was present everywhere, but we all felt safe. The process was polite, but not efficient. (Keep thinking they should hire Disney every four years to make it ‘visitor friendly’ and quick). This day there were very few complaints. We had a seat at a watershed event in the history of our nation and our people. Strictly on the surface, it was note worthy. The President of the United States, for the first time, is an African American. Racial shackles that precluded opportunity have been unlocked and discarded, forever. The Dream of American Opportunity, that any one could one day be President, was realized. You could not help but think the Martin Luther Kings, a American Martyr, was smiling in heaven. He had poured his last measure of life into this cause and into us. Now the ultimate symbol of achievement had been earned by an African American.

But then when you overlay, the gift of this person Barack Obama, it was almost surreal. It was overwhelming This was a man, a high educated thinker, who embraced discourse and science over belief. He understood the brilliance of founding fathers vision.

Everyone in the crowd was excited about the change. When President Bush and Mrs. Bush were introduced a wave of boos and jeers emanated from the rear by the Washington Monument, and like a wave moved forward. It was awkward.

The formal program was beautiful and spiritual. From Aretha Franklin's singing of the national anthem to the benediction, it was inspiring. The speech will be discussed for decades and has been etched into the American psyche. Barack reminded us that we are American, not just Democrats or Republicans. Christians, Jews. Muslims… Non believers. What was most powerful to me, was the line: “we have chosen hope over fear.” This is particularly meaningful for us here in Rhode Island. Remember: we are the 13th State and our motto is hope. Maybe the confidence of our new President can empower and encourage us to make our State a lighthouse in these perilous times. Just a thought.

Tuesday, January 06, 2009

The New Interview Questions before Hiring a Real Estate Agent to Sell Your House:



We are stepping over the threshold of 2009 and real estate has changed yet again. This is the most challenging market that many of us will EVER see. While rate are matching those of fifty years ago, prices have changed dramatically. Nationally we are down almost 29% from the highest point of the market in mid 2006. Furthermore, 45% of the closed residential properties in October required money from the seller to sell. These are ‘tough realities.” For Realtors these times are also challenging, particularly given the fact that most real estate listing contracts are written as contingent agreements: If the property does in fact sell, then, and only then, does the agent earn and collect his or her previously, independently negotiated fee. If the agent works for a year and it does not get to closing, then he or she does not earn any fee. This has put great stress on real estate agents trying to earn a living.

With these facts and the stage, it is very important that you hire an effective and proven agent. Several questions will help you determine who that agent is?

1. First and foremost, what is the agent’s license number and are they licensed in the State your properties is located in? Is the firm licensed in said State? Is the agent a Realtor? Realtors must ascribe to the Code of Ethics. Have there been any disciplinary actions taken by the Department of Business Regulation or the Board of Realtors against the agent and/or firm? Are there any pending complaints?

2. What is the agents record/experience? How long has the agent and firm been in business? How many properties have he or she sold in the past year? Is he or she part of a team? What kind of back up does he/she have? Is the agent selling real estate full time, or is this a part time position? Does the agent actually live in Rhode Island year around, or does he or she spend the winter in Florida? What other States is the agent licensed in?
Does the agent use a lockbox? If he or she is going to be showing the property, is he or she available and reachable by cell?

3. How does the agent/company market property? With 87 % of all buyers using the web to search for properties, how does agent market in web centric world? How does agent differential the sellers property with so many listings in the market? Is print advertising important in the Strategy? Based on sources of buyers it should not be, particularly if you believe in “greening’ the marketing process. What is company web site like? Is it central to the marketing plan? Does agent use any video and television? Does agent use social media? If so how? Will agent provide specific marketing plan?

4. How often does agent provide feedback and updates for seller? Generally it should be a least once a week. In additional, the agent should provide feedback in the manner, vehicle that the seller prefers: cell-phone, text, email, snail mail, etc. Communication is key for the process.

5. How did agent arrive at value? Particularly in a declining market, how did agent determine price? What is delta between list price and sales price? How long should it take to sell property? When does the agent anticipate revisiting price if it does not sell right away?

6. Who follows up on closing details to make sure property gets to closing? Smoke inspection; follow up on mortgage approval, coordination of closing attorney, water meter readings, etc.?

7.How much do you charge? How much do you offer cooperating agents? Do you have any referral fees that you are paying from the fee? If there is a dispute with the deposit and the buyer does not ultimately perform, what is your fee?

8.If you are not satisfied with the performance of the agent, is there a cancelation fee and if so, how much?

9.Finally, have the agent provide a list of prior, clients. Finally, call them for feedback and advice.


Good luck!

Ron Phipps, CRS, ePro, GRI, GREEN